Friends Of The Mathews Memorial Library Inc
- Assets
- $429.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mathews, VA
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-2267648
Organization Overview
Friends Of The Mathews Memorial Library Inc is located in Mathews, VA. The organization was established in 2010. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Mathews Memorial Library Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Of The Mathews Memorial Library Inc generated $42.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $16.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE LIBRARY SUPPORTS THE MATHEWS COUNTY LIBRARY BY SPONSORING SPECIAL EVENTS AND PROGRAMS
Describe the Organization's Program Activity:
Part 3
THE FRIENDS SPONSOR LIBRARY PROGRAMS INCLUDING AUTHOR LECTURES, PROGRAMS FOR TEENS AND CHILDREN, AND MUSIC EVENTS.
THE FRIENDS SPONSORED A LOCAL LITERACY PROJECT.
THE FRIENDS PROVIDED FUNDS TO RENOVATE THE LIBRARY'S RESTROOMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joi Ball President | 6 | $0 | |
Viki Armentrout Vice Preside | 2 | $0 | |
Bobbi Hatton Recording Se | 3 | $0 | |
Paul Dubois Treasurer | 6 | $0 | |
Jan Towne Correspondin | 3 | $0 | |
Michael Cannon Director/boo | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,802 |
| Total Program Service Revenue | $21,355 |
| Membership dues | $965 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,122 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,060 |
| Occupancy, rent, utilities, and maintenance | $3,303 |
| Printing, publications, postage, and shipping | $1,313 |
| Other expenses | $6,339 |
| Total expenses | $16,015 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $271,211 |
| Other assets | $0 |
| Total assets | $429,211 |
| Total liabilities | $0 |
| Net assets or fund balances | $429,211 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Mathews Memorial Library Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
J Edwin Treakle Foundation Inc Gloucester, VA PURPOSE: SUPPORT MATHEWS MEMORIAL LIBRARY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
Laborers-Employers Cooperation And Education Trust Washington, DC | $20,406,637 | $8,972,632 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |